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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Vitas who wrote (13619)5/12/1999 5:33:00 AM
From: bearshark  Read Replies (1) | Respond to of 99985
 
Vitas: I'm lookin at market guts, nothin but market guts. We need today to be a good day. I thought it would be too.

The only problem I have is that I see no fundamental problems. I consider the bond to be a non-issue unless its rate moves up substantially. I think any single increase by the FOMC would be shrugged off too. Maybe inflation fears but Asia will come back slowly. So inflation may be little if nothing. Who cares. Time will tell.



To: Vitas who wrote (13619)5/12/1999 10:51:00 PM
From: bearshark  Read Replies (1) | Respond to of 99985
 
Has anyone pegged the cause for weakness in the Korean market these past few days. A report from an economic think tank stated that the Korean economic rebound was isolated to four industry groups and not spreading out through the economy. However, I did not see that as much of a negative.

Vitas:

Today just did not make it. We could continue to go up. A good 5 or 6 trading-day rally would get us to the peak.